Assistant Director, Financial Crime Compliance - Kuala Lumpur, Malaysia - Prudential plc

Description

Prudential's purpose is to help people get the most out of life. We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow and Succeed.

As an Assistant Director of Financial Crime Compliance, you will be using your technical knowledge and exposure in financial institution, leading and working within teams to help stakeholders make strategic and operational changes to their processes.

You will have a solid background in AML and sanctions and will enjoy working in a collaborative and teaming environment.

Principal Duties & Responsibilities:

a. Anti-Money Laundering & Counter Financing of Terrorism (AML/CFT)

Provide advice and guidance to Business Functions on AML/CFT regulatory requirements impacting their business.

Work together with the business functions in managing regulatory changes impacting AML/CFT, ensuring gaps and action plans are identified and implementing within agreed timeline.

Roll-out Group AML/CFT policy disseminated by PCA Compliance to the Business Functions and provide guidance and advice on the implementation of the policy. Ensure gaps and action plans are identified and implementing within agreed timeline.

Develop and enhance AML/CFT Policy and Procedures as well as AML Risk Assessment document, including taking appropriate steps to improve the effectiveness.

Monitor the delivery of the AML/CFT activities in accordance with the ACP such as Sanctions screening, Transactions monitoring, Management information and monitoring of AML trends.

Assist in preparing Annual Compliance Plan (ACP) in relation to AML/CFT activities.

Establish process enhancement to maintain a robust AML/CFT framework in line with changes in risk profile, business activities and regulatory landscape.

Provide the necessary support for the implementation of Regional AML initiatives.

Act as a central point for the receipt and validation of money laundering suspicion reports and evaluate and finalise the STRs for the review of MLPO prior to submission to FIED.

Follow-up on AML issues to ensure appropriate corrective actions are implemented accordingly and track them to closure. Verify the corrective actions for adequacy and appropriateness prior to closure.

Represent the Department as AML/CFT advisor in major initiatives or projects of the Company.

Assist in preparing AML/CFT reports to Audit Committee, Executive Risk Committee, Group Compliance AML Working Groups and any other relevant stakeholders.

Assist in reporting to Group Compliance and Senior Management, any material breaches or potential breaches of money laundering regulations or any significant suspicions of money laundering activities.

Carry out any AML assignments as may be assigned from time to time.

Develop or update AML training materials for both employees and sales force, as well as organise and conduct AML training and awareness programme to Business Functions.

b. Anti-Bribery & Corruption (ABC) & Conflict of Interest

Provide advice or guidance to business functions on ABC related matters.

Roll-out Group ABC policy disseminated by PCA Financial Crimes to the Business Functions and provide guidance and advice to the Policy.

Coordinate gaps analysis on regulatory changes and Group ABC Policy with the relevant Business Functions and track action plans to closure.

Develop and enhance ABC Policy and Procedures including Conflict of Interest Policy and Procedures as well as ABC Risk Assessment document.

Assist Anti-Bribery & Corruption Officer ("ABCO") in preparation of ACP on ABC activities.

Delivery ABC monitoring activities in accordance with the ACP.

Follow-up on ABC issues to ensure appropriate corrective actions are implemented within agreed timeline. Verify the corrective actions for adequacy and appropriateness prior to closure.

Develop or update ABC training materials for both employees and sales force, as well as organise and conduct AML training and awareness programme to Business Functions.

Job Specification:

Degree in Finance / Accounting / Business Administration or other related discipline.

Minimum 10 years' related working experience; working knowledge in the area of Financial Crime function; related working experience in insurance or banking would be an advantage.

Strong knowledge of Financial Crime related regulatory guidelines governing the insurance industry or banking or other related financial services.

Good knowledge of insurance or banking or other related financial services operations.

Experience in compliance risk management.

Good communication and interpersonal skills.

Ability to work effectively in a team and manage stakeholders.

Ability to recommend a pragmatic approach for problem solving.

Ability to work in a demanding and collaborative environment.